American Axle & Manufacturing (AXL) Scheduled to Post Quarterly Earnings on Friday

American Axle & Manufacturing (NYSE:AXL) will issue its quarterly earnings data before the market opens on Friday, May 3rd. Analysts expect the company to announce earnings of $0.01 per share for the quarter. American Axle & Manufacturing has set its FY 2024 guidance at EPS.Parties that wish to listen to the company’s conference call can do so using this link.

American Axle & Manufacturing (NYSE:AXL) last released its quarterly earnings data on Friday, February 16th. The auto parts company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.10. American Axle & Manufacturing had a negative return on equity of 1.78% and a negative net margin of 0.55%. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the company posted ($0.07) EPS. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, analysts expect American Axle & Manufacturing to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

American Axle & Manufacturing Stock Performance

NYSE:AXL opened at $7.46 on Friday. The company has a debt-to-equity ratio of 4.55, a quick ratio of 1.27 and a current ratio of 1.67. American Axle & Manufacturing has a 52-week low of $6.29 and a 52-week high of $9.55. The firm has a market cap of $876.85 million, a price-to-earnings ratio of -26.64, a PEG ratio of 2.96 and a beta of 2.22. The business’s fifty day moving average is $7.10 and its 200 day moving average is $7.47.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on AXL shares. StockNews.com upgraded American Axle & Manufacturing from a “hold” rating to a “buy” rating in a research note on Monday, April 8th. UBS Group upgraded American Axle & Manufacturing from a “sell” rating to a “neutral” rating and set a $7.00 price objective for the company in a report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, American Axle & Manufacturing has an average rating of “Hold” and a consensus price target of $7.70.

About American Axle & Manufacturing

American Axle & Manufacturing Holdings, Inc, together with its subsidiaries, designs, engineers, and manufactures driveline and metal forming technologies that supports electric, hybrid, and internal combustion vehicles. It operates through two segments, Driveline and Metal Forming segments. The Driveline segment offers front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.